Oil gains on supply concerns, investors await July output decision

Oil prices gained on supply concerns as OPEC+ agreed to leave their output policy unchanged and as the U.S. barred Chevron from exporting Venezuelan crude. Investors previously anticipated members of OPEC+ would agree to a production increase later this week.

The Oil-Dollar pair gained 0.6% in the last session after rising as much as 1.3% during the session. The Stochastic indicator is giving a positive signal.
Support: 58.912 | Resistance: 63.862

US stocks end sharply higher on Trump’s tariff reprieve

Wall Street surged as investor risk appetite was buoyed by Trump’s latest tariff respite and an unexpected jump in consumer confidence. A rally sent all three major U.S. stock indexes higher, with strength in the AI-related “magnificent seven” group of stocks putting Nasdaq out front.

Tesla’s stock exploded 6.4%

Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region.

Tesla’s stock rose 6.4% following a 4.4% intra-session dip. The MACD’s is giving a negative signal.
Support: 335.77 | Resistance: 384.9

Dollar gains, yen slips as Japanese yields tumble

The dollar strengthened as the yen came under pressure from a sharp fall in Japan’s long-dated bond yields, while the greenback was boosted by data improving U.S. consumer confidence.

After a 1.6% dip during the last session, the Dollar-Yen pair closed with a 1.2% gain. The Stochastic-RSI indicates an overbought market.
Support: 140.48 | Resistance: 147.46

Gold falls after Trump extends tariff deadline on EU good

Gold prices fell after U.S. President Donald Trump dropped his threat to impose 50% tariffs on goods from the European Union from June 1, reducing demand for the safe-haven asset. Markets in the US and UK were closed on Monday due to public holidays.

The Gold-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal.
Support: 3292.5 | Resistance: 3390